Cisco Systems' earnings cheer tech investors. An IBM deal also excites the market. Building permits hit a 4-year high. Wal-Mart and Ross Stores results disappoint. Facebook hits a new low. Jobless claims are flat.
The S&P's winning streak is its longest since December 2010 as US shares come back from early losses. China reports almost no export growth in July. JC Penney shows a loss, but shares jump. Manchester United shares get little respect.
The Dow ends the week up 3.6% despite European worries. Spain is expected to seek eurozone aid to prop up its banks. McDonald's sees uncertainty hitting results, but Wal-Mart leads the blue chips. Crude oil briefly falls under $83.
Earnings from the big retailers and Dell, Hewlett-Packard and Target will signal if the big rally since October can continue. European financial ministers and Greece agree on terms of a rescue package. Rising oil prices are a threat.
The third-quarter earnings season ends this week with results from Wal-Mart, Home Depot and others. But as has happened so often recently, Europe will move markets, too. Can Italy form a new government?
The largest electronics retailer says that same-store sales and profit have dropped from a year earlier. What does this mean for the holidays?
Research In Motion results disappoint investors. The major averages have recovered all of their losses since the March 11 Japanese earthquake. Best Buy's forecast disappoints. Gold and oil pull back.
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MONEY & POLITICS
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